The ideology of establishing Bitcoin (read cryptocurrency) has been in place prior to the year 2008 when the first stable cryptocurrency was conceptualized by the mysterious person or group of persons known as Satoshi Nakamoto. However, in this paper, the bone of contention is what impact does cryptocurrency has on the implementation of laws or regulations in various countries. As a result of cryptocurrencies, there have been ample questions arising from the
Securities/ Capital Markets oriented bodies, Central Banks, and or Government Tax authorities. It is imperative to note that the aspect of Blockchain Technology and Cryptocurrencies pose startling questions towards Governments that have been reluctant to catch up with the Technological and Innovation trends that are taking place day-in-day-out.
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